Kuda Soft Pos: What is it, Features & How to use it

Kuda, a leading digital bank in Nigeria, has taken a bold step towards revolutionizing payment processing with the introduction of its innovative SoftPoS solution. 

This groundbreaking technology transforms Android smartphones into secure payment terminals, enabling businesses of all sizes to accept card payments seamlessly and efficiently.

Kuda SoftPoS is a software-based point-of-sale (POS) solution that empowers businesses to accept card payments directly through their Android smartphones running version 8.0 or higher with an NFC module. This technology eliminates the need for traditional POS machines, which can be expensive, bulky, and difficult to maintain.

This blog post will show you Kuda Soft Pos: What is it, Features & How to use it.

What is Kuda Soft Pos

Kuda SoftPOS, or Software Point of Sale, is a revolutionary feature that transforms your everyday smartphone or tablet into a secure payment terminal. This innovative solution eliminates the need for bulky and expensive hardware, allowing you to accept EMV contactless card payments anytime, anywhere.

Compatible with any Android device running version 8.0 or higher equipped with an NFC module, Kuda SoftPOS seamlessly integrates with your existing mobile device, eliminating the hassle of additional hardware purchases. Whether your customer prefers to pay using a physical plastic card or its virtual equivalent, Kuda SoftPOS accommodates a variety of payment methods, ensuring a smooth and convenient transaction experience for both you and your customers.

Features of Kuda Soft Pos

Kuda SoftPOS is a cutting-edge solution that transforms smartphones into secure payment terminals, offering a plethora of features that streamline payment processing and enhance business operations. Here are some of its key features:

• EMV Contactless Card Acceptance: Kuda SoftPOS seamlessly accepts payments from EMV contactless cards, ensuring secure and convenient transactions for both merchants and customers.
• Mobile Device Compatibility: The SoftPOS technology works seamlessly with Android smartphones or tablets running version 8.0 or higher, provided they have an NFC module, eliminating the need for dedicated hardware.
• Convenient and Portable: Your phone is your POS terminal. Kuda SoftPOS allows you to accept payments on the go, making it ideal for businesses that operate outside of a fixed location.
• Cost-Effective Solution: Kuda SoftPOS eliminates the need for purchasing and maintaining traditional POS machines, reducing operational costs for businesses.
• Security: Kuda SoftPOS prioritizes security, utilizing NFC technology and adhering to industry standards for payment security, ensuring safe and secure transactions.
• Virtual Card and Plastic Card Support: Kuda SoftPOS supports both virtual cards and physical plastic cards, offering flexibility to customers and businesses for making payments.
• Simple Payment Process: Payments can be made using just the card number and PIN, streamlining the payment process for both merchants and customers.
• Enhanced Business App Integration: Kuda SoftPOS technology is seamlessly integrated into the Kuda Business app, providing a comprehensive suite of tools for businesses, including Sales Mode, Kuda Payroll, and business registration.

How to use Kuda Soft Pos

You can use the Kuda Soft Pos in the following ways:

Using the Kuda Soft Pos to Receive a USSD or QR Code Payment

• Open the Kuda Business app and tap "Sell."
• Enter the amount you want to receive.
• Tap "Charge" and then "Pay with USSD."
• Select your customer's bank.
• Guide your customer to dial the USSD code or scan the QR code.
• The payment will be processed immediately.
• You can send a receipt or skip this step.

Using the Kuda Soft POS to Receive Card Payments on Kuda SoftPOS in Nigeria

• Open the Kuda Business app and tap "Sell."
• Enter the amount you want to receive.
• Tap "Charge" and then "Pay with Card."
• Select the type of account linked to your customer's card.
• Ask your customer to tap their card against your phone.
• Enter their card PIN.
• The payment will be processed immediately.
• You can send a receipt or skip this step.

Using the Kuda Soft Pos Receive Payment through Pay with Kuda SoftPOS

• Open the Kuda Business app and tap "Sell."
• Enter the amount you want to receive.
• Tap "Charge" and then "Pay with Kuda."
• Scan your customer's QR code or have them type in their Pay ID.
• The payment will be processed immediately.
• You can send a receipt or skip this step.

How To Make Money as A Soft POS Agent

As a Soft POS agent, you can earn income through various services offered to your customers. Here are some of the ways to make money as a Soft POS agent:

Cash Deposits: Assist customers in transferring funds from their account to another account or to a recipient. You will receive cash payment from the customer and a commission for the transaction.

Airtime Purchase: Sell airtime and data to customers directly from your Soft POS. You will earn a commission for each airtime or data purchase.

Cash Withdrawal: Allow customers to withdraw cash using their ATM cards, USSD, or bank transfer. You will receive cash from the customer and deduct your commission from the amount to be withdrawn.

Bill Payments: Provide a convenient platform for customers to pay their bills, including electricity, cable subscriptions, and other utility services. You will earn a commission for each bill payment processed.

FAQS

What is SoftPOS solution?

SoftPOS, or Software Point-of-Sale, is a mobile payment solution that transforms smartphones or tablets into secure payment terminals. It eliminates the need for traditional POS hardware, making it a cost-effective and convenient solution for businesses of all sizes.

How does a soft POS system work?

A soft POS system, also known as a software point-of-sale system, is a mobile payment solution that transforms smartphones or tablets into secure payment terminals. Unlike traditional POS systems that require dedicated hardware, soft POS systems utilize the device's built-in capabilities, such as NFC (Near Field Communication) technology, to accept contactless payments.

Does Kuda have a POS?

Yes, Kuda offers Kuda SoftPOS, a mobile payment solution that allows businesses to accept contactless payments using their smartphones or tablets. Kuda SoftPOS is a user-friendly and secure solution that eliminates the need for traditional POS hardware.

How do I get Kuda Soft POS?

To get Kuda Soft POS, you'll need to be a Kuda Business account holder. If you already have a Kuda Business account, you can access Kuda Soft POS directly through the Kuda Business mobile app by tapping on the "Sell" button, after You'll now be able to use Kuda Soft POS to accept card payments from your customers.

If you don't have a Kuda Business account, you'll need to create one before you can use Kuda Soft POS

Conclusion

The digital era has brought about a revolution in the way businesses accept payments, and Kuda SoftPOS is at the forefront of this transformation. We have covered everything you need to know about Kuda Soft Pos: What is it, its Features & How to use it.